In the second round of bidding for June, Certificate of Entitlement (COE) premiums climbed for Cat B and E, while premiums for Cat A slipped. This latest rise in premiums for Cat B COE has brought it higher than the premiums for the category before LTA made a one-time adjustment to increase the supply of COEs.

The launch of the popular Mercedes-Benz GLC here could explain the sustained premiums for both Cat B and Cat E COE.

Get data on past COE bidding exercises at our COE bidding results page.

Cat A COE - Easing from last session's jump

Premiums for Cat A, for cars up to 1,600cc in engine capacity and with an output of no more than 130bhp, or electric vehicles with a power output of up to 110kW, took a small slip this session, dropping by $1,795 (1.8%) to reach $96,206.

This slips takes premiums for the category to 10.1% above the 12-month trailing average. The total number of bids submitted this session exceeded the number of successful bids this round by 28%, lower than the 12-month average of 39% for the category.

Cat B COE - Highest it has been this year

Premiums for Cat B, for larger cars with more than 130bhp or engine displacements larger than 1,600cc, or electric vehicles with a power output of more than 110kW, took just a small $298 (0.3%) climb this session, to end at $121,000 this session.

This climb sees premiums for the category now standing at 9% above the 12-month trailing average.

The total number of unsuccessful bids this round exceed the quota available by 37%, lower than the 12-month average figure for this category of 40%.

Cat C COE - Taking a $1,339 climb

Premiums for Cat C, for goods vehicles and buses, climbed this session by $1,339 (1.6%) to close at $83,140.

The number of unsuccessful bids this round exceeded the available quota by 151%, higher than the 12-month average for this category of 110%.

Cat E COE - This session's largest climber

Cat E, the open category, climbed by a total of $2,111 (1.8%) this session. This climb brings the current premium for the category to $123,000.

This climb means current premiums for the category are now at 8.5% above the 12-month trailing average.

The number of unsuccessful bids this round exceeded the available quota by 115%. The 12-month average for this figure for the category is 82%.

Prevailing Quota Premium

The Prevailing Quota Premium is the amount to be paid for COE renewal and is computed from the moving average of the previous three-months of COE prices. Those looking to renew the COE on their cars will thus have to pay the following prices for the respective months.

If you're looking for a fuss-free option to renew your car's COE, Sgcarmart provides free COE renewal advice, which includes loan sourcing and all paperwork.

✅ Advice and tips on COE renewal 
✅ Complimentary Pre-COE Car Inspection 
✅ COE renewal loan quote comparisons 
✅ Interest Rate typically starts from 2.88% 
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